SONACOMS - Weekly AnalysisIn the Weekly Chart of SONACOMS ,
we can see that, it is looking very strong and moving towards Inverted Head & Shoulder breakout.
Enter on breaking Candle's High with Low as SL.
Expected momentum is shown in chart.
SONACOMS trade ideas
flyy?
personally planning to enter above 717-720
sl 20-25% depending on market condition
if this is a proper breakout, can touch 1000+ soon
Sona BLW longsona blw
swing trade
buy 645
stoploss 560
target 680
target 2 720
long term
target 1 727
target 2 900
SONACOMS Bullish breakout predictionSona BLW Precision Forgings, an India-based automotive technology company, designs, manufactures, and supplies engineered automotive systems and components, including differential assemblies, gears, and EV Traction motors.
If we look at the chart:
The market has broken to the upside with very good volume. The market has broken the trendline to the upside. Also, the market is receiving support at 200 EMA. After the support, it has consolidated and then given a bullish hammer.
We can make an entry with Risk:Reward: 1:2.6.
Plan of Action:
Buy: 651-655
Stop loss: 614
Final Target: 747
Sonacom - Most probably formed a bottom @ 590Retracement seems to be completed. Good yearly results. One can initiate buy at current levels of 590 with sl of 565 for short to mid term target of 750
SONACOMS BO [Weekly]SONACOMS breaking out of a large weekly base, decent daily volume, would wait to see if weekly volumes go above average as well.
If large weekly base BOs are your thing, this might get interesting, keep in the list for upcoming days/weeks as per your interest.
SONACOMSSONACOMS at an important level around @600 it breaks then more selling pressure. If it hold the level then go for 700 level
Swing Trade - SONACOMS📊 Script: SONACOMS
📊 Sector: Auto Ancillaries
📊 Industry: Auto Ancillaries
Key highlights: 💡⚡
📈 Script is trading at upper band of BB.
📈 MACD is giving crossover .
📈 Double Moving Averages are on urge of Crossover.
📈 Right now RSI is around 59.
📈 One can go for Swing Trade.
⏱️ C.M.P 📑💰- 705
🟢 Target 🎯🏆 - 750
⚠️ Stoploss ☠️🚫 - 683
⚠️ Important: Always maintain your Risk & Reward Ratio.
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Disclaimer: I am not SEBI Registered Advisor. My posts are purely for training and educational purposes.
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Sona BLW Precision Forgings Ltd – Breakout OpportunityDate : 31-Jan-2024
Rating : Buy (Mid Term as well as Long Term Opportunity)
LTP : Rs. 618.20
Target : (1) Rs. 669 --> (2) Rs. 706 ++
SL : Rs. 550
Technical View :
NSE:SONACOMS has given breakout from its secondary down trend within primary uptrend. MACD crossover is done on 31-Jan and RSI is already in buy zone. Indicates bullish sentiment for the coming days.
Company Info :
NSE:SONACOMS is an India-based global automotive technology company engaged in designing, manufacturing and supplying engineered automotive systems and components such as differential assemblies, gears, conventional and micro-hybrid motors, BSG systems and EV Traction Motors across all vehicle categories.
EV Segment Outlook :
NSE:SONACOMS is well placed to drive the EV push globally with its presence in India, US, Europe and Asia with its one of the product lines of EV Traction Motors and Motor Control Units for hybrid and e-PVs, hybrid and e-LCVs, e-2Ws and e3Ws.
Currently, 28% of revenue comes from battery electric vehicles (BEV). Further, NSE:SONACOMS to invest INR 1,100-1,200 crore in capex for processing orders, expanding capacity for electric vehicle components by FY26.
[ b]Disclaimer : I am not a SEBI registered analyst/consultant and not recommending anyone to take any BUY or SELL position in stock market. Investing in stock market is risky and one should do a self analysis and validation before investing in stock market.
Sona BLW- A good stock for long termSonacoms has been consolidating since past 1 year.
This is a pre breakout idea, hence risk is more.
480-500 is a strong demand zone from which stock has recently showed a big rejection.
Levels mentioned in the chart.
Good stock for EV theme investors as it is a stock from auto ancillary sector. Keep in watchlist.
Breakout Soon - SONA BLWRound Bottom Breakout Setup
RSI above 65 and rising
Trading above EMA50
Volume increasing
Disc: for study, not a recommendation
Amazing breakout on Weekly / Daily Timeframe - SONACOMSCheckout an amazing breakout happened in the stock in Weekly timeframe, macroscopically seen in Daily timeframe. Having a great favour that the stock might be bullish expecting a staggering returns of minimum 25% TGT. IMPORTANT BREAKOUT LEVELS ARE ALWAYS RESPEECTED!
NOTE for learners: Place the breakout levels as per the chart shared and track it yourself to get amazed!!
#No complicated chart patterns
#No big big indicators
#No Excel sheet or number magics
TRADE IDEA: WAIT FOR THE STOCK TO BREAKOUT IN LOWER TIMEFRAME AND RETRACE IF NEEDED. SL IS NEARER SUPPORT ZONE IN Daily TIMEFRAME.
PS: No new Nifty500 script can escape from me when making a breakout. :-)
PS: People who missed my first BO level, can re-consider this BO which can still give a rally.
SONACOMSSona Coms Showing Perfect Ascending Tringle Chart Pattern with Breaking out & also done with its Retesting now we can see such a good upmove
KEEP ON RADAR
#SONACOMS (Weekly)⚡️Low Debt
⚡️Good Quarterly Results
⚡️Fibo levels acting as resistance
⚡️Momentum expected above 670
⚡️Double Bottom near 400 level
⚡2 Years Long Base
🔴 SL 615
🟡 CMP 650
🟢 TGT 715/815/975
#sonacoms looking good for shorterm.Sonacoms following a PC on dtf. we can anticipate a short-term gain in this stock.
Reversal candidate SonacomsThere is clear higher lows formation seen after about 2 yrs of correction phase.
20ma and 50ma on weekly charts have started showing upward direction.
Buy above (600 levels) is good resistance level.
Targets and SL are on charts.
As I see lot of new followers thought of adding
Caution Notes:
Try to learn the concept instead of looking for tips.
Master one strategy that suits your psychology and stick to it for consistent results.
This is weekly chart Targets can come in 1~9 months time. This will not suit you if you are looking for quick gains in few days.
Use proper money/risk management to calculate position size.
Be disciplined to follow Stop Loss (SL).
I am not a Qualified/Registered Financial adviser.
SONA BLW Fundamentally Strong... Portfolio StockEducation Purpose Only
Fundamentally Strong Stock... Good Revenue, Net Profit, etc
Huge Share Holding by FII - Foreign Institutional Investor
SONACOMS -Long Opportunity As Per Supply Demand Trading StrategyStock was trading in a sideways range & then broke out. Now some retracement happening, which provides an opportunity to go Long. Planning to time the Trade as per the Daily RBR Demand Zone.
SONACOMSSonacoms has given a beautiful breakout with good volumes, stock has even retested its levels and gave a good confirmation.
My targets are huge and I am bullish on this stock
Quick targets for Swing - 638, 690
Long targets - 690, 735, 769, ATH (all time high)
Only for Educational Purpose
Do your own research
SONACOMS | Swing Trade📊 DETAILS
Sector: Auto Ancillaries - Castings/Forgings
Mkt Cap: 34,069 cr
Sona BLW Precision Forgings is an India-based automotive technology company. The company is engaged in designing, manufacturing and supplying engineered automotive systems and components such as differential assemblies, gears, conventional and micro-hybrid motors, BSG systems and EV Traction motors across all vehicle categories.
The company develops mechanical and electrical hardware systems, components as well as base and application software solutions.
TTM PE : 72.26 (Low PE)
Sector PE : 49.28
Beta : 0.69
📚 INSIGHTS
Strong Performer
Stock with good financial performance alongside good to expensive valuation, but lacks price momentum as suggested by technical indicators
6.59% away from 52 week high
Underperformer - Sona BLW Precision Forgings up by 2.34% v/s NIFTY 50 up by 8.2% in last 1 month
📈 FINANCIALS
Piotroski Score of 6/9 indicates Average Financials
Disclaimer: This analysis is for educational purposes only, and I'm not a SEBI registered analyst.
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